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Showing 631 - 640 of 816 results for "Corporations Act"

ASIC cancels Teys Property AFSL

ASIC RELEASE  |  FRIDAY, 26 MAR 2010
... administration on 5 March 2010. Adam Shepard, of Setter Shepard, was appointed as administrator on 5 March 2010. Under the Corporations Act, ASIC has the power to suspend or cancel an AFS licence if the responsible entity holding the licence is placed ...

Ex Macquarie broker pleads guilty

ASIC RELEASE  |  TUESDAY, 16 MAR 2010
... manipulation. Chan of Balwyn, Victoria, pleaded guilty to market manipulation contrary to section 1041A of the Corporations Act 2001. The charges, brought by the Australian Securities and Investments Commission (ASIC), relate to his alleged manipulation ...

Changes to borrowing brings peace of mind

MICHAEL HOBBS  |  THURSDAY, 11 MAR 2010
The government's proposal to bring certain borrowing arrangements under the Corporations Act means shonky promoters will be shut out of the market and self managed super fund (SMSF) trustees can have peace of mind when using the products. Chris Bowen ...

Treasury proposes mandatory governance principles

MICHAEL HOBBS  |  TUESDAY, 9 MAR 2010
... appropriate for every company listed on the S&P/ASX All Ordinaries index to establish an audit committee as part of the Corporations Act instead of being a listing requirement. It is now seeking submissions on its consultation paper.

Westpoint investors win $13.5m compensation

ASIC RELEASE  |  THURSDAY, 4 MAR 2010
... Trustees breached its duty to the holders of Mezzanine Notes and failed to comply with its obligations under the Corporations Act. The investors in Westpoint-related financial products had an outstanding total capital invested of $388 million when the ...

ASIC cancels Hedge Securities licence

ASIC RELEASE  |  THURSDAY, 18 FEB 2010
... Industry Complaints Scheme as represented on it's website. Lastly, it has not met its obligations as set out in the Corporations Act 2001 (the Corporations Act) with respect to the lodgement of an audited profit and loss statement and an audited balance ...

ASIC blocks Tankstream

ASIC RELEASE  |  WEDNESDAY, 10 FEB 2010
... product disclosure statement (PDS) relating to the PPT did not adequately disclose information required under the Corporations Act (the Act). The documents did not appropriately identify Tankstream as the offeror, or clearly explain the nature of a PPT ...

More funds adopt intra-fund advice

RUTH LIEW  |  FRIDAY, 5 FEB 2010
... last year, ASIC gave conditional class order relief to trustees from the requirements of section 945A of the Corporations Act. This allowed licensed trustees to give personal advice to members about their existing interest in a fund on certain limited ...

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
... ensure they are fair and equitable across the industry," said the PJC report. Meanwhile, the PJC recommended the Corporations Act be amended to include a fiduciary duty for financial advisers and payments from financial product manufacturers to advisers ...

Planners brace for fiduciary revolution

ALEX DUNNIN  |  TUESDAY, 24 NOV 2009
... whereby advisers can provide advice not in their clients' best interests, yet comply with section 945A of the Corporations Act. A legislative fiduciary duty would address this deficiency," noted the Report. The recommendation is so significant that one ...